Business
- Aviation
- Accounting
- Being an entrepreneur
- Communication and Journalism
- Finance
- Why choose Massey to study business?
- Take The Next Steps Here
History of business
Prior to the existence of money, the world depended on buying a service or object in exchange for another service or object—yup, that was bartering.
That’s been going on almost as long as people have, with evidence that prehistoric cavemen-types were swapping arrows for mammoth meat. Or something equally useful to cavemen.
Money itself came into existence around 3000BC with the first coins minted by a people called the Lydians around 650BC.
The first corporation came into being in the sixteenth century. It was a pivotal moment, which turned economies that used them into enterprises, rather than merchant work, which was basically debt-based (they bought their stock, then sold it for a profit, but were in debt until they did sell).
The beginnings of the stock market were in France in the 1100s, when people began to be assigned to be in charge of the debts of agricultural communities on behalf of the banks, and these began to be traded. The idea took off. In Belgium. ‘commodity traders’ met up to do deals. The idea spread through Europe.
There are now stock markets in virtually every developed country, and its total size is in the trillions of dollars.
New Zealand’s place in the world of business was, for many years, one of dependence on Britain and our Commonwealth neighbours. As this relationship grew less strong, so we had to become more independent. New Zealand’s size and distance have thrown us some unique challenges.
What we lack in size, we make up for in creativity. Although we are still a small fish in the world of business, New Zealanders have founded businesses that are nationally and globally significant like Obo, Trilogy and WilliamsWarn. We’re doing pretty well.
In 2010 Economist magazine called New Zealand “an entrepreneurial powerhouse,” while The World Bank ranked New Zealand #1 for starting a business in 2010. That’s not bad at all!
And New Zealanders are getting increasingly prestigious jobs – in international finance, running billion-dollar companies and creating start-ups that go on to huge successes, while keeping much of their profits and focus in New Zealand.
Will you join them?
History of business
Prior to the existence of money, the world depended on buying a service or object in exchange for another service or object—yup, that was bartering.
That’s been going on almost as long as people have, with evidence that prehistoric cavemen-types were swapping arrows for mammoth meat. Or something equally useful to cavemen.
Money itself came into existence around 3000BC with the first coins minted by a people called the Lydians around 650BC.
The first corporation came into being in the sixteenth century. It was a pivotal moment, which turned economies that used them into enterprises, rather than merchant work, which was basically debt-based (they bought their stock, then sold it for a profit, but were in debt until they did sell).
The beginnings of the stock market were in France in the 1100s, when people began to be assigned to be in charge of the debts of agricultural communities on behalf of the banks, and these began to be traded. The idea took off. In Belgium. ‘commodity traders’ met up to do deals. The idea spread through Europe.
There are now stock markets in virtually every developed country, and its total size is in the trillions of dollars.
New Zealand’s place in the world of business was, for many years, one of dependence on Britain and our Commonwealth neighbours. As this relationship grew less strong, so we had to become more independent. New Zealand’s size and distance have thrown us some unique challenges.
What we lack in size, we make up for in creativity. Although we are still a small fish in the world of business, New Zealanders have founded businesses that are nationally and globally significant like Obo, Trilogy and WilliamsWarn. We're doing pretty well.
In 2010 Economist magazine called New Zealand "an entrepreneurial powerhouse," while The World Bank ranked New Zealand #1 for starting a business in 2010. That’s not bad at all!
And New Zealanders are getting increasingly prestigious jobs – in international finance, running billion-dollar companies and creating start-ups that go on to huge successes, while keeping much of their profits and focus in New Zealand.
Will you join them?